Successfully completed three rounds of equity financing with three institutional investors at prices ranging from $5.00 to $7.25 per share for gross proceeds of $250,000,000.

“POET’s Optical Interposer platform is a singularly elegant solution to connectivity challenges at each level of AI infrastructure, from chip-to-chip data communications to data transfer within the datacenter to the mobile networks that deliver that data to users”, said Dr. Suresh Venkatesan, Executive Chairman & Chief Executive Officer of POET. “In each of these areas, we transform information bottlenecks into data highways by marrying what is possible in silicon to what is powerful in light. This additional investment by two leading global investment funds adds immeasurably to POET’s ability to deliver advanced photonic solutions. With over US$300 million in cash, we can accelerate our pursuit of targeted acquisitions, enhance our capabilities and talent, vertically integrate our products to improve cost and performance, and expand operations to pursue revenue opportunities across the board, bringing long-term value to shareholders.”